The country's 3Q24 final GDP number is due, which is expected to remain unrevised at 2.8%. Additionally, a report from the Labor Department is likely to show initial claims for state unemployment benefits fell 12,000 to a seasonally adjusted 230,000 for the week ended Dec. 14.
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Stocks fell, erasing earlier gains after the FED cut interest rates by .25 point and the central bank's economic projections signaled a slower pace of cuts next year. To me, It looks like some early worries about tariffs could be creeping into the Fed’s projections. UGLY DAY!.
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U.S. economic data scheduled for the week: The PCE for November is due on Friday, which is expected to have edged up 0.2% on a month-on-month and 2.5% on an annual basis.. Consumer spending is also due the same day and is likely to have ticked up 0.5% in NOV. Inflation tames!
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The U.S. Federal Reserve will convene its monetary policy meeting on Tuesday and Wednesday and is expected to announce a quarter-percentage-point cut in the benchmark interest rate at the conclusion of the meeting. Investors are keenly awaiting comments from Fed Chair Powell...
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Wall Street indexes ended mixed as rising Treasury yields weighed on sentiment, while Broadcom's upbeat outlook provided some support. Gold prices declined as the dollar inched higher. Oil prices rallied amid projections of tightening supply and strengthening demand. 👍
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We wrap up the year this Thursday night with our annual 2024 lookback and 2025 look ahead! Santa will drop by the show, too, so it's yet another not-to-miss event! We'll see you there!
buff.ly/41ncEQ3
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Federal workers are uncomfortable in the spotlight, and Trump has threatened to strip civil service protections from thousands of them. Ramaswamy and Musk have suggested that cutting a million federal jobs within a YEAR is a reasonable target. This WILL affect the markets!
A Hedge Fund Manager Should Be Able to Run Treasury! Bessent’s track record shows he’s well-placed. He is a fiscal hawk who will positively affect the economy and the markets. He wants to rein in spending and get the Secretary of the Treasury back in line with the markets. GOOD!
It's Black Friday!! Wall Street ended Wednesday on a high note, with the small-cap Russell 2000 index hitting a record peak, while Treasury yields plunged following Trump’s pick of Scott Bessent as U.S. Treasury Secretary. The Trump Trade continues to our clients' great favor!
Clients and readers: We appreciate your trust and partnership this Thanksgiving. As we reflect on our journey together, we’re thankful for the opportunity to help secure your financial future. Wishing you and yours a bountiful holiday filled with joy, warmth, and prosperity.
Stocks closed at all-time highs Tuesday as investors set aside concerns over how Trump’s tariffs will affect American companies and instead cheered Israel’s decision to accept a cease-fire in Lebanon. Equities extended gains into a 7th straight day; S&P 500 hit its 52nd record.
Trump heeds Wall Street w/Scott Bessent as Treasury Secretary. Ultimately, the drama-filled search landed where it started — with a hedge fund executive who’d spent months methodically laying the groundwork for a nomination. Having a macro hedge fund guy is appealing to markets.
MOVE OVER GROVER!
#DonaldTrump is returning to the #WhiteHouse. How will his policies affect us in early 2025? Will our portfolios experience more — or less - volatility from the plethora of Trump’s economic policy changes.
CB3 LIVE! - Update. Ep 28: "Post-Election Insights"
CB3 LIVE! - Update · Episode
open.spotify.com
Bessent’s nomination had a calming effect on markets. USD fell, and US govt. bonds rallied after Trump picked Bessent to run the Treasury. He's a Wall Street veteran who investors expect will take the sting out of the administration’s more aggressive trade and economic policies
On the speculative fringes, the risk-taking extravaganza isn’t just continuing—it’s getting bigger by the day. Heavy trading—and big price moves—in everything from crypto to leveraged ETFs was the story in a week where swings in the S&P 500 and Nasdaq finally started to abate...
